Following disappointing quarterly financial results and amid a review of “strategic alternatives,” including a possible sale, Supervalu has dismissed its CEO.
Tourism
The retailer released preliminary second-quarter financial results showing year-over-year improvement, a move that’s presumably in response to recent criticism from an investor and would-be buyer.
Target said that a recently announced interchange fee settlement “would perpetuate a broken system, restrict retailers from any future legal action, and offer no long-term relief for retailers or consumers.”
The venue, which is now called Mill City Nights, said that it has renovated the club to create a “smaller, more intimate venue that is certain to deliver on customer expectations.”
The upscale retailer said that it will shutter its Gaviidae Common store by July 2013 as it didn’t meet “long-term operational goals.”
Don Delves, who worked with Best Buy’s compensation committee for seven years, reportedly quit after the retailer awarded retention bonuses not tied to performance to more than 100 managers.
Business is good for Kramarczuk’s, thanks to three summers of exposure at Target Field.
How two of the North Shore’s biggest resorts compete in a tight tourism market.
Robins, Kaplan, Miller & Ciresi represented about 7 million individuals and businesses in an antitrust case against two major credit card companies and many major banks.
A minority shareholder whose offer to buy the struggling retailer was rejected says it is looking to protect shareholders from “hostile opportunists” on the company’s board.
Daniel Hanrahan will join Regis on August 6; the hair salon chain has been without a permanent leader since February.
The company will enter the Canadian market early next year with 24 stores in Ontario; it will then open another 101 stores throughout the country during the remainder of 2013.
The retailer, which currently operates three other stores in Minnesota, is putting down roots in Uptown Minneapolis.
Supervalu’s stock price plummeted as the company announced poor first-quarter results and said it has hired financial advisors to help it review “strategic alternatives.”
Beginning December 1, more than 50 products from 24 designers will be available at both Target and Neiman Marcus stores and on both retailers’ websites.
The cuts, which include roughly 600 Geek Squad positions, are in addition to 400 corporate layoffs announced in March.
Plymouth-based The Tile Shop intends to start trading on the Nasdaq Stock Market after it merges with JWC Acquisition Corporation.
The retailer’s new “Hexapillar” gift card features a robotic caterpillar that becomes a butterfly that can actually fly.